The post XRP Technical Analysis Feb 2 appeared on BitcoinEthereumNews.com.

XRP is clearly trending in a downtrend with LH/LL structure; critical resistance is being tested at $1.62. If Break of Structure (BOS) occurs above $1.6787, it could signal a trend change; otherwise, a drop below $1.4774 is expected. Market Structure Overview XRP’s current market structure reflects a classic downtrend. Instead of Higher Highs (HH) and Higher Lows (HL), Lower Highs (LH) and Lower Lows (LL) pattern dominates. With the current price at $1.62, a slight recovery of %2.18 in the last 24 hours is observed, but remaining below EMA20 ($1.85) confirms the short-term bearish structure. The Supertrend indicator is giving a bearish signal and resistance is positioned at $1.91. Although RSI at 29.68 is approaching the oversold region, MACD with a negative histogram shows downward momentum. In multi-timeframe (MTF) analysis, a total of 12 strong levels were identified across 1D, 3D, and 1W timeframes: 1 support/4 resistances on 1D, 1S/2R on 3D, 2S/3R distribution on 1W. This indicates a resistance-heavy and bearish overall structure. The market is holding the last swing low at $1.4774 (score: 68/100), but failed to break the upper resistance at $1.6787 (74/100). In structural targets, a bearish breakdown to $1.0082 (score:22) appears more likely, while bullish continuation to $2.2411 (score:31) carries low probability. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, HH/HL structure must form: each new high higher than the previous (HH), each low higher than the previous (HL). A slight HL formation around $1.53 has been observed recently in XRP, but this does not break the general LH/LL structure. The %2.18 daily rise from $1.62 is supported by RSI bouncing from oversold. For potential bullish BOS, the $1.6787 swing high must be broken; surpassing this level could trigger HH formation toward $1.7854 and $1.9595. However, remaining below EMA20 and Supertrend bearish signal…

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Filed under: News - @ February 2, 2026 11:21 pm